Telford-based Reconomy announces new business acquisition
A major employer in Telford has bought nationally-operating waste management broker, Waste Check Ltd.
Award-winning waste management firm Reconomy has acquired the Bromsgrove-based company.
Waste Check specialises in the compliant disposal of clinical and chemical waste materials for businesses operating across numerous business sectors, including healthcare, retail and care homes.
This latest purchase by Reconomy follows the acquisition of Cory Environmental's waste brokerage businesses in 2016, along with both Countrywide Waste Management Ltd and Network Waste in 2015. By continuing to follow a path of acquisition and organic business growth, Reconomy is predicting revenues of £135m by the end of 2018.
Commenting on the acquisition, chief executive of Reconomy, Paul Cox, said: "This is an important acquisition for Reconomy, which enables us to extend our waste management offering into a broader range of industries and commercial sectors.
"We will continue to expand our business portfolio and invest in the companies we acquire to enhance both their technological and waste reporting capabilities. This will help ensure our customers receive the best possible service.
"Waste Check is a family-run business with an established reputation for delivering excellent customer service, so its culture will align very well with that of Reconomy.
"We are looking forward to a long and prosperous future together."
Reconomy provides recycling and waste management services to many of the leading names across the housebuilding, commercial construction and infrastructure sectors. Last year, the company managed over three million tonnes of waste on behalf of its client, diverting 93 per cent of this away from landfill.
It chalked up sales of £111 million in 2016 and employs about 300 people from its Stafford Park headquarters.
It was named Company of the Year at the 2017 Shropshire Business Awards, in recognition of the quickfire growth the company has enjoyed in recent years.
For more details visit reconomy.com